What is a SWOT analysis? How does it relate to strategic planning?

What will be an ideal response?


The SWOT acronym represents the four components of a situation analysis, the second step in strategic business planning. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal components of the organization that should be analyzed, while opportunities and threats are characteristics of the external environment that should be analyzed. With the SWOT analysis, the company is determining its present status, its current capabilities, and its future expectations.

Business

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A. Chapter 11 B. Chapter 12 C. Chapter 13 D. Chapter 7

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Answer the following statement true (T) or false (F)

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Before you solve a business problem, gather relevant data and then analyze it to find ____.

A. trends B. indicators C. other related information D. all of the above

Business

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Indicate whether the statement is true or false

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